An analyst has worked out what happens to London house prices under three scary political scenarios July 4, 2017 Politics: it's been decidedly unpredictable in recent years. Not surprisingly, the resulting uncertainty has led to homeowners taking a moment to consider whether now is the best time to buy or sell. Now an analyst at UBS Wealth Management has confronted three of property owners' scariest political nightmares head-on, working out exactly what would happen [...]
The 25 towns Londoners are leaving the capital for July 2, 2017 Samuel Johnson might have suggested being tired of London meant being tired of life, but he probably hadn't had to endure astronomical house prices or daily elbow wars on the Tube. Indeed, figures published by the Office for National Statistics (ONS) show the capital has the highest level of internal migration net outflow, aka people [...]
It’s still cheaper to rent than buy a house in these UK cities May 18, 2017 So-called Generation Rent may complain bitterly about being forced to pay sky-high living costs, but a new study has found in many UK cities, it's actually cheaper to rent than it is to buy a home. The study, by Zoopla, found the average monthly rental cost in many of the UK's largest metropolitan hubs is [...]
FTSE 100 falls off record highs to end the week March 17, 2017 The UK's bluechip index fell off a record high in late afternoon trading, but nevertheless ended the week almost 100 points up. The FTSE 100 finished at 7,423.6 points, 0.1 per cent higher. Both risers and fallers were a mixed bag, with insurer Admiral Group leading the way, rising 1.8 per cent to 1,941p, followed by healthcare [...]
Big Ben to the Shard: See how London’s skyline has changed (and what could have been) over 100 years March 17, 2017 In 1930 London's tallest buildings included Battersea Power Station, Big Ben and St Paul's. A century later, those buildings will not only be dwarfed by modern icons like the Shard, the Walkie Talkie and the Cheesegrater, but soon-to-appear 22 Bishopsgate and the Mitsubishi Tower. Then there are the towers that could have been – the [...]
George Osborne’s latest job is editor of the Evening Standard March 17, 2017 Former chancellor George Osborne has been appointed as the new editor of the Evening Standard, its owner has said. Osborne, who worked for the Telegraph before running for Parliament, will keep his job as an MP. A source told City A.M. it was likely Osborne will edit the Standard four days a week on average. “So much [...]
Who owns London? The capital’s biggest landowners: Qataris own as much land as the Queen and TfL put together March 17, 2017 A company part-owned by the Qataris own almost as much land in the capital as Transport for London and the Queen put together, a new ranking has suggested, while the City of London was ranked second. Figures compiled by Datscha for property trade bible Property Week showed Canary Wharf Group, which is joint-owned by Qatari [...]
Glimmer of hope for London as Berkeley Group says South East has “stabilised” March 17, 2017 Shares in London housebuilder Berkeley Group shot up in early trading after it broke away from the pack, saying the London property market is "stabilising". Read more: Berkeley boss gives up salary… but could still rake in £8.2m next year The figures In a trading update today, the London-focused housebuilder said profits were on target [...]
Walkie Talkie sale: Why a foreign buyer for 20 Fenchurch Street would be no bad thing March 17, 2017 Few eyebrows were raised when it emerged a 50 per cent stake in 20 Fenchurch Street, better known as the Walkie Talkie, may be about to go up for sale. The news came a few weeks after its neighbour, the Cheesegrater, was sold for £1.15bn, so you can forgive the Walkie Talkie’s owners for asking [...]
City job openings fall by a quarter as employers decamp from London before Brexit March 16, 2017 The number of City jobs available fell by almost a fifth in February, new figures have shown, which could be down to companies decamping from London ahead of Brexit, the company which compiled the figures warned. The number of new job openings fell from 8,325 last February to 6,945 last month, figures by Morgan McKinley Financial [...]
